Credable Rebrands to _able as It Passes $650 Million in Loans

Dubai-headquartered fintech Credable has rebranded to _able as it expands beyond digital lending and positions itself as a broader financial infrastructure provider across Africa.

The company announced the name change after facilitating more than $650 million in loans through its platform. It works with major partners including M-PESA, Airtel, Access Bank and Diamond Trust Bank (DTB) to power lending and savings products across multiple African markets.

While Credable built its reputation through digital credit, _able now provides the technology, risk management tools and portfolio systems that financial institutions use to launch and manage lending, savings and other financial products.

“Over time, it became clear that our role was no longer simply about determining who is credible,” said Nadeem Juma, co-founder and chief executive of _able. “It was about building the infrastructure that enables financial access at scale.”

The move comes as banks, telecom operators and fintechs increasingly seek technology partners to help them offer financial services without building complex systems internally. As a result, companies that provide credit infrastructure, underwriting tools and portfolio management software have become an important part of Africa’s digital finance ecosystem.

The opportunity remains significant. Small and medium-sized businesses across Sub-Saharan Africa face an estimated $100 billion financing gap, creating strong demand for solutions that improve access to credit and financial services.

Unlike traditional lenders, _able does not primarily lend from its own balance sheet. Instead, it connects capital providers with distribution partners through its technology platform. Banks, investment funds and development finance institutions supply funding, while mobile money operators, fintechs and financial institutions use the platform to offer financial products to customers.

That model has helped the company facilitate more than $650 million in loans despite raising only about $2.7 million in disclosed funding from investors including Ventures Platform, Launch Africa, Plug and Play, MAGIC Fund and AAIC Investment.

The company told TechCabal that it plans to make its lending and savings infrastructure available to more banks, telecom operators and fintechs. It also aims to deepen partnerships with additional capital providers and distribution channels.

Today, _able’s platform reaches more than 40 million customers across Kenya, Tanzania, Uganda, Mozambique and Zambia.

“Our mission remains unchanged,” Juma said. “We believe credit is one of the most powerful tools of economic empowerment. Our ambition is to help enable access to credit and savings for hundreds of millions of people globally.”

Founded in 2021 by Juma, former private equity executive Jad Abbas and technology executive Michael Tarimo, the company operates from its headquarters in Dubai, with teams based in Nairobi, Dar es Salaam and Pune, India.